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FOX Business
Oct 7, 2012 8:00am EDT
, in governor romney said, start to go drill on private land. there are so many resources we could be energy independent without going for wind and solar and rubbing two sticks together. let's release the boundless energy we have out there in places like anwar and off shore, and then we could see gas prices seriously drop. >> julian, what do you think that releasing these reserves will do to gas prices? >> i think that everybody agrees the answer is ultimately energy independence and note under the obama, production at the highest level in 20 years, as for, i don't know what somebody's laughing about. if you want to-- >> i'm laughing because it came on private land, but not public land, okay. >> but we can have that debate it's not really that meaningful to the point you're making. >> let's get on. >> i think the issue is here, that the strategic petroleum reserve is for when we have very unusual circumstances, when bush did it in '91 during the iraq invasion, when clinton did it in 2000, it happened, for a specific situation in 2004. when george w. bush did in 2005, because of katrina. when
FOX Business
Oct 8, 2012 3:00pm EDT
record highs. the team breakdown where energy prices are headed and what it means for your money. ♪ ♪ liz: have you been one of those people who are hanging onto netflix stock? it is up about 11% right now. it is our power mover. shares surging. netflix pick after morgan stanley upgraded the stock from overweight to equal weight. this was one of seven dollars stock just back in may. it has just not had a great move until today. if we show you the three your picture, then you get really depressed. that is what netflix used to look like. let's look at the fox 50 right now. weimar read than you do green. dell is number one at the moment. viacom coming up next. we have very thin volume. let's get to nicole petallides. what are you watching? nicole: i am taking a look at some of the banks. how about a look here at national bank of greece. it is not trading on friday. it is trading today. you can take a look at this big john. it is all on the heels of something that leaked out. that is a huge move. @alks about the fact that those national bank of greece was in a merge about talks. they got a bi
FOX Business
Oct 7, 2012 2:30am EDT
my wallet. wayne said we don't have a comprehensive energy policy. gas prices affect my wallet. nothing is contained. my costs are not contained in the last four years and that is an indirect tax. >> exactly john layfield always say it about the energy policy. but wayne, here is the thing. higher gasoline prices and especially in california, all of that is affecting the middle class and not getting better. it is getting worse over the last several months. >> that's true . tracey mentioned something that is more outrageous. dodd-frank. and congress did not read the bill and have to pass it. this is a friend of mine who applied at a loan in a community bank and here was the response. the guy said here, the interest rate will be prime plus two percent and loan can be said. we will need current financial . finally saying. these terms will be subject to approved by the fdic. the banker is not approved the loan. fdic is the person approving the loan. that is outrageous. >> what is bringing up is the issue of regulation and regulatory involvement of the banking and that is affecting o
FOX Business
Oct 5, 2012 5:00pm EDT
you. melissa: that's bizarre. >>> time now for today's energy report. where we break down the biggest headlines affecting the industry and their impact on the economy besides that insanity going on in california. sun's elections in venezuela could have a huge impact on oil prices. believe it or not experts are saying hugo chavez may lose for the first time in 14 years. his challenger, is just left-of-center and promising to increase oil production by $6 million barrels a day. right now venezuela produces 1.7 million barrels a day. that is down 25% from 2001. if chavez loses, that is good news for gas prices. stay tuned on that story. >>> chinese energy giant, cnooc, $15 ball takeover deal of canadian energy company, next son could be at risk. they are calling on the conservative government to reject the deal saying review process gives no assurance that is the deal would benefit canada. >>> radical blake from longstanding policy, russia is now considering allowing western companies to own oil licenses in arctic waters. for years those have only gone to state-owned groups. that's a big
FOX Business
Oct 4, 2012 9:20am EDT
, the topic is energy. >> but don't forget, you put 90 billion dollars, like 50 year's worth of breaks, into solar and wind, to -- solyndra and fisker and tesla. i have a friend you don't just pick the winners and losers, you pick the losers. stuart: we've not seen that kind of attack from mitt romney before. but from the president what we got was more of the same. >> what when i walked into the oval office i had more than a trillion dollar deficit greeting me and we know where it came from, two wars that were paid for on a credit card. two tax cuts that were not paid for. stuart: all right, i'm making the judgment that romney won. it's not just me, however, the perception that romney won this debate is widespread. even among the liberal media. headline from "the washington post" "rejuvenated romney hammers obama on his economic record" the los angeles times "a lackluster obama, a revived romney". unabashed obama supporter chris mathews was even disappointed with his guy. >> where was obama tonight? i don't know what he was doing out there. he had his head down, he was enduring the deb
FOX Business
Oct 8, 2012 5:00pm EDT
energy under oregon's largest volcano is moving headed. the testing phase should be complete i had about 2014. has estimated cost of $43.8 million, with half of its fund coming from, the department of energy of course. >>> marathon petroleum is buying an infamous refinery, we were talking about this, from bp. marathon will pay a base price of $598 million for the texas city oil refinery. you remember that name because there was a big explosion at the plant in 2005 and it killed 15 workers. the purchase price is reportedly well below the amount bp was aiming for. >>> oil prices slid on global demand fears as the world bank cut its economic growth estimates for china and the asian continent. crude settled down 89.33 a barrel. look at that under 90 bucks. >>> iran launch as major crack down to control its currency crisis. its off shore oil platforms reportedly being hit by cyber attacks. is this the beginning of the end for that regime? we have details on that coming up next. >>> plus hugo chavez wins re-election. a clam down on venezuelan oil production could be around the corner. is the u
FOX Business
Oct 5, 2012 9:00pm EDT
oil company and founder of citizens for affordable energy. welcome back to the show. this feels like the 1970's all over again. shortages. why -- lines to your local station. what is going on? how do you explain this? >> well, first of all, let's remember, californians of cars. there are more cars to more people driving cars to more interstate highway miles off, more freeways in california than anywhere else in the nation. and there is no alternative, so they have to be in their cars to get where they need to go off. secondly, some of the oldest infrastructure to support that car crazy state exists up and down the coast of california. the third problem -- gerri: let me ask you about that. stop for just a second. why is the infrastructure so old to make everyone thinks of the oil industry as being pretty lucrative after all. why haven't they build any new facilities? >> well, it is well maintained, although it is old. so it can trip over under any circumstances. it is very heavily invested in, but no one would build a new refinery in california because they really can't. that gets you
FOX Business
Oct 8, 2012 6:00pm EDT
problem for their overall economy is this process whereby they are making all forms of energy more expensive. gerri: does this ripple through to the rest of the country? i have always wondered about how these problems in california commanded as those they have trouble, how much it hits other people. >> that remains to be seen. california, i live in texas. we like to make fun of people in california. remember, this is one -- it's true. it's one of the biggest economies in the world. memory serves, nighter tenth largest if it were a stand-alone country. you're going to see huge economic impact some california, jobs leaving the state. of course it will affect the rest of the country because california is a bellwether for the rest of the country. unfortunately when it comes to energy policy we have seen of the last four years are policies that imitate what the californians have been doing for. gerri: bad idea. well, governor jerry brown agreed to allow refineries to make it cheaper went to blend. will that solve trouble? >> well, no. i don't think it means it's over because, again, as
FOX Business
Oct 8, 2012 1:00pm EDT
on in terms of what drivers need to do. tracy: let's talk big picture. we don't have a comprehensive energy policy here in this country. everyone is hoping whoever the next president is institutes one. but until then where are gas prices going? >> well, right now it is really a function what happens with worldwide crude prices. in general outside of california we've seen crude prices go up, gasoline followed, crude prices came down. gasoline is following to that. so what we need to do is recognize that 62% of the our energy comes from oil and gas. we need to continue to produce that. so a wise energy policy that is one really all of the above and focuses not just on the 1% or so that is called green. tracy: do you think that is actually going to happen, sir? we've been talking about how this nation, first, national security, needs an energy plan. we haven't seen the likes of one in years, my lifetime, probably? >> well there is no question we've been struggling with this for a very long time, since the days of president nixon. tracy: yeah. >> time to step back and say, we really do need to
FOX Business
Oct 6, 2012 11:00pm EDT
stocks behind. why the mass exodus? answers next. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. ♪ gerri: well, despite the rise in stock markets, small investors are pulling their money at stocks. since march a 2009 u.s. stock mutual funds have had net withdrawals of $200 billion while bond funds have seen an inflow of a trillion. the percentage of american families to own stocks now or stock funds dropping to 46% in 2011 from 53% a decade prior, so where exactly are investors putting their money and should you follow suit? ceo of demint financial services. always great to have you on the show. you
FOX Business
Oct 5, 2012 11:00am EDT
income earners passed this november. this is a big deal but they hope green energy will fill the gap, dream energy will be the jobs engine and silicon valley will help out. dagen: job losses in this state or movement of jobs out of the state could turn the tide in terms of what politicians one? at what point does it reach a level that they can continue to ignore it? >> i don't think politicians in california care about these jobs. i think they care about high tech jobs and green jobs and their view that only the jobs in california that we don't really want mcdonald's or care about those. they won't states it publicly but that is the mentality and mindset and how they are operating. dagen: thank you. [talking over each other] dagen: southern california is beautiful. connell: you heard from president obama talking about the jobs report this morning at a campaign rally in virginia. we expect to hear from it romney any minute. he is also in virginia. wayne rogers joins us from pensacola, florida to talk about this. what was your first reaction to the jobs report? >> not a lot is being do
FOX Business
Oct 6, 2012 8:00pm EDT
? well, an independent. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics, put it on my spark card. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] edwards drove the debates pushing fo
FOX Business
Oct 7, 2012 11:00pm EDT
us and she will we were come right back we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. and there's a big advantage parents can give their kids -- making sure they get active at least 60 minutes each day. studies show that physical activity not only helps kids stay healthy, it can enhance important skills, like concentration and problem solving, which can improve academic performance. this means physical activity can help your kids in the most important game of all -- life. lou: there were times in the debate the president looked lost without his teleprompter. does feed put together a compilation of every time the president stuttered. >> what we have said is ah ah ah ah ah but what we ha
FOX Business
Oct 5, 2012 9:20am EDT
on natural gas. ohio is a mecca for cheap energy and this president has decided that he will choose to, you know, just feather the bed, feather the bed of his guys in the green industries. stuart: you've lost thousands of jobs in the state of ohio and you have a president who dislikes fossil fuels, whether it's natural gas, oil or coal. given that circumstance, why is ohio swinging towards president obama in the forth coming election? >> well, it's right now, obama is up, if you take a rolling average by about 5. i think that's going to come down in the next couple of days as a consequence of the uplift from romney's debate performance. but at the end of the day, ohio is a battle ground state and it's up for grabs. and that's because we have a president that has shepherded anemic economic growth and job creation. we have to make a choice whether or not we want to continue down that path or whether we want to go down the path of robust energy and economic expansion and job creation. stuart: what is it? is it epa rules that are just closing down coal mines so they can't use, you can't use coa
FOX Business
Oct 5, 2012 12:00am EDT
. >> great to be here, melissa. melissa: time for today's energy report when we break down the biggest headlines affecting the industry and their impact on the economy. in last night's debate mitt romney said ending the oil industry tax breaks would be on the table if the corporate tax rate is lowered but the american petroleum institute says ending those deductions would hit small production companies especially hard, raise costs, and reduce production. in other words, bad idea, they say. in a letter to the governor of alaska a trio of energy companies are moving forward to build a natural gas pipeline that would export liquified natural gas from asia to a -- from alaska to asia. conoco-phillips, tran canada joined forces with the project. it will cost $65 billion but might not be ready for 10 years. in a nod to the booming energy industry, booming shale and gas production will give u.s. rerefineries advantages over others around the world. fracking in unconventional shale will push refiners into higher utilization rates. the challenge? getting fuel from the field toe the refineries.
FOX Business
Oct 8, 2012 7:00pm EDT
dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. music is a universal language. but when i was in an accident... i s worried the health care system spoke a language allts own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. ♪ lou: my next guest made his riding debut last week with an amazing new novel that offers, well, a withering, somewhat critical, and humorous view of life as a trader on wall street. joining me now, for internet executiv
FOX Business
Oct 5, 2012 10:00pm EDT
affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. lou: monday after fbi fbi agents inspected the conflict in been talking, they are deciding whether to take action against those killing the americans and the ambassador. that is what is being reported by my next guest. eli lake. he has brought countless stories on the attack in benghazi. first come i would like to commend you and your reporting on this story. go to your most recent, which is the administration. has not decided how to proceed on how to handle these that led the attack. >> or two things going on. one is an intelligence community process going about identifying those responsible for the benghazi assaults and figuring out their locations and about the way the un
FOX Business
Oct 8, 2012 9:20am EDT
an account. one is for a clean,free wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >> the gas price spike in california have leveled off and prices have not started to go back down yet. the average price of regular is up. incredible 50 cents in just a week. a new all-time high is the average, is 4.66. and calling on regulators to allow the early sale of less expensive dirtier winter blend gasoline, could bring down sky high prices. and the aerospace company bae didn't like the groups proposed 45 billion dollars merge wer eads. concerns include poor terms, lack of strategy, britain, france, germany are trying to save the deal. honda recalling about 489,000 crv crossovers, 2002-2006 model years in the u.s., europe and africa and electr
FOX Business
Oct 5, 2012 1:00pm EDT
candidates outline energy policy earlier in the debate. who do you think is the better plan and who will you vote for in the presidential election? >> you know, i don't want, i don't want to go to choose one of them because i don't see any, any result. i mean if somebody is going to tell me, hey, you know what, sam, you're right, we're going to do something about this. we'll help little businesses. i just hear talk. are we going to help the little guy, middle class, small businesses but i'm not seeing it. every time, like i said been here over 30 years in the same location. when i try to get a enlo, told me, we're sorry, we can't give you a loan because you're overqualified. what do you mean overqualified. lori: i'm so sorry to cut you off. we understand your frustration. appreciate you sharing your challenges with us. good luck. we will check in with you soon. >> thank you. melissa: coming up, wow, he was on fire, huh? lori: has a lot to be frustrated. his whole business is threatened because of soaring gas prices they're not containing. >> that's true. coming up tonight on "money", fill an
FOX Business
Oct 4, 2012 11:00am EDT
company called maxim energy. we sell diesel to drilling rigs and fracking rigs. that will be a big place of business for us here. liz: i'm looking over your right shoulder at the stadium. back in the day i was at cleveland stadium where they had holes in the window -- i mean right over there is lake erie so it is freezing during the winter. i can remember a denver game where i think my fingers froze around the coca-cola cup. will you put a dome on this stadium? is that a consideration you have thought about? >> we've said we're going to bring stadium architects in. this stadium is 15 years old, needs some work. we will look at any and all options to make the stadium more friendly to the fans. liz: i don't think it's that old though. >> in 15 years if you think where this stadium sits and the weather it is exposed to, it is outdoor stadium, the wear and tear these stadiums take, you have to stay up to speed and stay modern. there's been a lot of stadiums built since then. liz: the ref lockout, it's now over. sadly cleveland couldn't win even with the replacement refs. the nfl structure, a
FOX Business
Oct 8, 2012 8:00pm EDT
, and governor jerry brown, taking emergency action, but gas prices barely budging and energy analyst williamiate ma yateman d this is what the white house should be focussing on because the $ 5 gas could be nationwide. >> ironic, the president was in california raising money, come iz rating with the rating given that gas price hike of cause of poor policy decisions. nationwide. liz: we're talking about the refineries that have been shoved off line due to fires and disturbances, could that be alternative to your argument saying maybe this will not go nationwide this is say local problem? a refinery issue? >> indeed those -- that is the direct cause. the supply disruptions. but the market tight in california for 4 reasons, really, state policies indeed. one the state is highest gas tax of any in the nation. two, refining costs are highest in the nation, due to air quality standards, 3, state has insufficient pipeline connection to western oil and gas market that makes the disruption owono. >> looking at obama administration, policy for policy they are doing the same thing. liz: including cap and
FOX Business
Oct 8, 2012 11:00am EDT
bull additions. they will hit the store shelves officially in march. researchers projecting the energy drink industry overall expanding 86% over the course of the next five years. red bull expansion signalling the company is trying to keep up with its competition, you know, monster, rock star and all these drinks offer a variety of flavors and now dagen will be what? blueberry? dagen: all of the above. i can't do a homer simpson drool kind of thing. i drink like eight a day. connell: that's our second thing this hour that you don't see on every business show. third quarter earnings meantime. earnings season is kicking off this week. dagen: what moves should you make ahead of that? sandra smith has today's trade. sandra: beware of the fact that the broader stock market has basically just been going straight up, especially since those june lows. there's anticipated drop in third quarter earnings overall from s&p 500 companies. there's a lot of concern from wall street analysts right now that this run-up is not justified by the earnings we are about to get from these companies. we're kick
Search Results 0 to 30 of about 31 (some duplicates have been removed)